In A(n) ______________________________ a Computer Program Sorts the Transactions into Numerical

question 117

Short Answer

In a(n) ______________________________ a computer program sorts the transactions into numerical order; checks the documents against the sequence number range; and reports missing, duplicate, and out-of-range event data.

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Definitions:

Net Income

Net income is the total earnings of a company after all expenses and taxes have been deducted from total revenue.

Dividends

Payments made to shareholders out of a corporation's earnings.

Shareholders

Owners of shares in a corporation, holding a portion of the company's stock and thus a claim on its assets and earnings.

Income Taxes Payable

This represents the amount of income taxes a company owes to the government that has not yet been paid.